Thursday was a little bit of everything. France’s women’s boxing team got sidelined at the World Championships, American Eagle stock popped on the Sydney Sweeney campaign, US Justice Department has opened a criminal probe into Fed Governor Lisa Cook, and Bitcoin dipped below $110,000 as traders stayed cautious.
A glance at the biggest stories capturing attention today.
French team barred from World Championship
The French women’s boxing team got shut out of the 2025 World Championships in Liverpool after missing the deadline for mandatory genetic sex test results.
World Boxing, the sport’s governing body, introduced compulsory PCR testing for female athletes in May 2025 following disputes at the 2024 Paris Olympics.
France’s strict privacy laws ban such tests, so the federation had to use a lab in England, but the results didn’t arrive in time. That left five French boxers, including medal hopefuls, sidelined.
The French federation slammed World Boxing for recommending the lab, calling the situation frustrating.
The episode underscores the tensions between national laws and international sports rules as gender eligibility policies continue to evolve.
American Eagle rides Sydney Sweeney’s buzz
American Eagle shares jumped more than 33% on Thursday, fueled by a blockbuster ad campaign starring Sydney Sweeney.
The “Sydney Sweeney Has Great Jeans” summer campaign grabbed attention and stirred some controversy, but it clearly paid off.
The denim line sold out fast, sometimes within a day, and the campaign racked up over 150 million social media views, bringing in record new customers.
Despite the early backlash, the company says the push drove unprecedented traffic and set the stage for steady sales growth.
CEO Jay Schottenstein and CMO Craig Brommers plan to keep leaning on Sweeney’s star power later this year to sustain momentum, making this one of the biggest retail stock moves of the season. Read full report
Justice Department probes Fed Governor Cook
The US Justice Department has opened a criminal mortgage fraud probe into Fed Governor Lisa Cook, issuing grand jury subpoenas in Georgia and Michigan.
The investigation, triggered by a referral from FHFA Director Bill Pulte, alleges Cook misrepresented several properties as her primary residence to get better mortgage deals.
Cook owns homes in Michigan, Georgia, and Massachusetts.
After the allegations surfaced, President Trump ordered her removal, but Cook is fighting back, filing a lawsuit claiming the move is politically motivated and threatens the Fed’s independence.
The case could have serious implications for the central bank’s autonomy in setting monetary policy.
Bitcoin dips below $110K
Bitcoin slipped under $110,000 on Thursday after failing to hold a midweek bounce, dropping about 2.2% to $109,500 and giving back half of its recent gains from $107,000.
Bitfinex analysts are eyeing a possible deeper drop to $93,000–$95,000, seeing that as a likely floor for the correction.
Crypto-related stocks got hit too like MicroStrategy fell 3.2%. Even so, some strategists are still betting on a stronger rally in Q4, citing ETF inflows, corporate treasury buying, and potential regulatory tailwinds.
Historically, September is a soft month for Bitcoin, so traders are moving cautiously.
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